Wilson Sonsini Advises Dropbox on $2B Credit Facility from Blackstone

Dropbox entered into a credit and guaranty agreement for a secured term loan facility in an aggregate principal amount of up to $2 billion, consisting of initial term loans in an aggregate principal amount of up to $1 billion and delayed draw term loans in an aggregate principal amount of up to $1 billion. The facility was led and substantially provided by Blackstone Credit & Insurance, which served as lead arranger and lead structuring agent. The proceeds of the term loans may be used for working capital and general corporate purposes, including share repurchases. Wilson Sonsini Goodrich & Rosati advised Dropbox on the transaction._x000D_
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The Wilson Sonsini team that advised Dropbox on the transaction includes:_x000D_
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Corporate: Lisa Stimmell, Andrew Gillman_x000D_
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Corporate Finance: John Mao, Michael Rosati, Jill Fulwiler, Andrew Ralston, Jason Koo, Roshanne Arathoon, Jiyoon Song_x000D_
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Tax: Dave Strong, Brandon King_x000D_
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Fintech and Financial Services: Amy Caiazza, Alice Cao